There are many objectives to accounting. A systematic accounting system will should have the following objectives: to maintain cash account balances, to detect fraud, and maintain ledger account balances.
The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.
help students
They help accountants to be objective in their decision making.
Government accounting is the authorizing, tracking and recording of revenue and expenditures. It can govern how taxes are raised and how the executive of a government spends the proceeds.
There are many objectives to accounting. A systematic accounting system will should have the following objectives: to maintain cash account balances, to detect fraud, and maintain ledger account balances.
The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.
answer
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Standards of consistency, quality, information sharing between Accountants, and transparency in reporting are the base objectives of public sectors accounting.
help students
They help accountants to be objective in their decision making.
When you are asked this question you should focus on what makes accounting important to you. It is a good ideal to link your passion to the objectives of the organization.
Government accounting is the authorizing, tracking and recording of revenue and expenditures. It can govern how taxes are raised and how the executive of a government spends the proceeds.
The GAO : Government Accounting Office for one ,
Fund accounting is the most important principle of government accounting. Separate funds are used to make it easier to account for all governmental costs.
The basic foundation of governmental financial accounting and reporting in the United States was established by the Governmental Accounting Standards Boards (GASB) in its "Objectives of Financial Reporting,"